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a responsible plan to balance the budget. the plan will hold washington accountable to fix our broken tax code and repair the safety net, expand opportunities for american families, and create a more accountable and efficient and effective government. the budget will help promote a path to energy security by increasing opportunities to expand production of america's abundant energy resources and this budget will stop the unfair use of funding from hard- working americans. as a job creator and a cpa, i have seen firsthand how domestic american energy production can be a valuable component in creating jobs and fixing our nation's balance. the u.s. has combined recoverable and natural gas, oil, and coal and that is the largest in the earth, larger than russia, saudi arabia, or china. today, the united states is known as the saudi arabia of natural gas. the chart on the screen, if we can bring it up, illustrates how we can bring revenues by hundreds of billions of dollars by not enacting punitive taxes and by expanding exploration for energy on federal lands and oceans. the loss potential is also
the sequester and in committee, democrats proposed to close those special interest tax loopholes that riddle our tax code, republicans said no. democrats proposed to offset unwise republican cuts to medical research like alzheimer's, cancer, diabetes research at n.i.h., republicans said no. democrats tried to cut the special interest spending in the tax code to offset republican cuts to students who rely on pell grants but republicans said no. mr. van hollen: i yield the gentleman another minute and a half. the chair: the gentleman is recognized. ms. castor: the democrats in the budget committee proposed to strengthen medicare and replace the republican plan to turn medicare into a voucher program. all it does is simply shift the cost tour families and older neighbors. mr. speaker, this republican budget is not consistent with american values. it is not fiscally responsible. it is a charade, it is a capitulation to the tea party. it does not serve us well in economic recovery and the ways we want to grow america. it's a plan for economic weakness. it's a receding vision of american greatness. in
and businesses and consumers do not want to hear, it's a new tax on the internet. even downloads from ituness, who thinks that is a good idea? not me, here is good news "the kudlow report" begins right now. president obama in israel for the first same in his presidency, securing the relations with the allie in the middle east, here is what he had to say when greeted by benjamin netanyahu. it's in our fundamental security interest to stand with israel. it makes us both stronger and more prosperous and makes the world a better place. >> so question is, what exactly is the president hoping to accomplish in israel. here now we republican former u.s. ambassador and dan senor the coauthor of start up nation. joining me here on set for the hour, ryan grim, huff post washington bureau chief, and tony frato, former white house deputy press secretary. welcome to one and all, if i may go to you first, ambassador, there's all this media chatter that i'm reading today that president obama the not know what he wants to do and he has no agenda. it's said that he was the first u.s. president to visit israel
chairman paul ryan. he says that it will balance the budget in 10 years without raising taxes by reducing spending over the next decade by 5.7 trillion. it would also repeal president obama's health care law and make changes to thed to and medicare. this portion of the markup is 2-1/2 hours. . under the structure we have developed we will begin by having presentations on the budget in our control by the majority and hour controlled by the minority i will make an opening statement and then mr. valholen will also make an opening statement. any other members may enter statements into the record. the remaining time left and then the minority will use the remaining time left in its hour. mr. valholen's time and my time will come out of our hour. after the presentations we will have a staff walk through which means members can ask questions they have. after the staff walk thru, we will proceed to the amendments in a structure that i have worked out with the ranking member the structure that we have had standing tradition of. i will describe that when we get to that point. we will do tier 1, 12,
their proposals on taxes. under their budget, the top rate is to be reduced from 39.6% to 25%. the a.m.t. will be repealed. the corporate tax rate will be cut from 35% to 25%. but you don't find one sill bell in the republican budget on how these tax cuts will be paid for. . they don't identify a single tax policy that will end. the republican budget would mean a huge tax cut for the very wealthy, several $100,000 a year and leave a nearly $6 trillion hole in the deficit that would lead to tax increases for middle-income families. that isn't balance. that is total imbalance. at the same time, republicans propose cutting $3.3 trillion from programs for people with low and moderate incomes, including hundreds of billions of dollars for food nutrition and medicaid programs. so i want to end by asking the republicans when they come and talk about their tax proposals to name a specific that they would address. it's not in the republican budget. name one, name two, name three. otherwise, it's worse than empty. the chair: the time of the gentleman has expired. the gentleman from wisconsin.
discusses the congressional debate over to ending and taxes, energy policy, and the committee's opposition to a carbon tax. newsmakers today at 6 p.m. eastern on c-span. >> on monday, the chair of the national republican committee will talk about the future of the republican party. he will release a plan called the growth and opportunity project. it's aimed at improving the electoral success of republican candidates. our live coverage ends on eight -- begins at eight ready -- .egins at 8:30 a.m. >> she spoke french inside the white house and gain the representation -- a reputation a reputat cleanly -- ion for being queenly. we will include your questions and comments on facebook and twitter and by phone at 9 p.m. eastern on c-span and c-span three. -sapann c-span radio and cp .org. >> a new plan would raise taxes by almost one dollar trillion almost onede -- dollars -- $1 trillion over a decade. this portion of the markup is about two and a half hours. >> good morning. our committee will come to order. we have a busy day. i want to welcome all of our members to date two. i want to mention
as quickly as possible. now, we had the discussion earlier about taxes and we thought that we had worked the tax problem for and everybody preserved people's taxes for 99% of the people and we thought that there were going to be some spending cuts coming. somebody sent me this little chart that i have to share. this says "republican" on it. "okay, i'll raise taxes if you promise to cut spending." well, lucy, it's a "deal." but we've been watching this cartoon for years and years and we know what happens. when we go to pick up the spending cuts, the football suddenly gets lifted out of the way and we wind up on our back. the american public winds up on its back. that's not the kind of spending cuts we're looking for. we're looking for some real spending cuts. not just a decrease in the growth but some real spending cuts. and there's -- there's a way to do those. wyoming has been faced with probably an 8% in reduction in its income. how did it handle it? the governor, seeing that coming, got ahold of every department and program and said, i need a plan from you for how you would cut 2%, ho
with mandatory spending or comprehensive tax refm. that is what it will take. neil: do you think that bernie marcus, the home depot cofounder, was telling me on fox news, the spenders are using a pr war, the strong stock market, improving economic numbers as jusjustification for more spend. >> i don't buy that, i don't think that the sck marke is as pro efficient -- prefish ent as people think, we don't need to been the budget, the way that the government calculates a balanced budget is a bad joke, we do have to do, we have to start treating the disease, deal with health care costs, deal socialnsurance programs. neil: they are not. they might -- but remind me,er dayhey don't, a new pore added to our -- a few more added to our debt. all unfunded. >> that is right, that is what we need. >> you local starkest terms. >> the full view, if we look at big number, over 70 trillio, if we end up doing -- >> how does that work? >> debt held by public, held by social security medicare trustee fund, and pensions unfunded, arrange of commitment contingency, and unfunded social security and medicare promis
think about pat to marry -- patty mariposa proposal that includes spending cuts and tax increases. here are the numbers to call. here is the headline in the baltimore sun this morning. the budget plan -- the senate democratic plan released yesterday would raise taxes on the wealthy and some corporations -- we focused yesterday on the gop proposal and we will reflect on that a little today as we dig into one democrat tab on the table. here's the headline in the washington times. that's the direction the washington times is taking. we will look at a couple other headlines and how they are covering this story. the headline in the new york times says -- we will hear more about that this morning and that is coming into play as well. let's listen to senator patty murray, the head of the budget committee. she unveiled her 2014 budget plan yesterday afternoon. [video clip] >> are budget tackles this issue the way the american people have consistently said they want it done, with an equal mix of responsible spending cuts across the federal budget and new revenue raised by closing loopholes and c
these knuckleheads? orregard to taxing the rich cutting out loopholes, everybody in this country gets some form of entitlement in one shape or form. i don't understand why because i get a paycheck and somebody else makes their money through investments or a different way, why i am taxed more. if you earn money, you get taxed on it the same as everybody else. i do not agree with that at all. and i don't understand why we have to give tax subsidies to corporations that do not need it. why on earth does the oil company need our money? why does the agriculture business need our money? you are making enough money. cut out the tax loopholes and we can get out of this mess. host: we are covering the cpac conference and there are a number of ways you can watch and listen. depending on what the house yesterday, we will be live with the house this morning, once the house recesses, the cpac coverage can be seen on this network. you can also listen on c-span radio and wanted anytime on our website, c-span.org. also be a location to what some of the conferences that get underway this morning. some other com
revenues through taxes in this budget. it's about $1.5 trillion in new tax revenue on top of the $600 billion in higher taxes earlier this year. that is on top of the more than $1 trillion in obamacare taxes. >> neil: and that doesn't balance anything? >> this is blueprint for what the president wants and what all democrats want, that higher taxes, more taxes and they are going to spend until the bond market says, hold it. you can't spend. >> neil: what do you think? >> i just think it's fascinating you put a time stamp on this. like ten years, it's way out there in the future. ten years comes pretty quick. what is scary about this the media let them get away with it. obama sounds smart but when you strip down what he says, it's actually pretty stupid. there is rationality we can still set sel our debt because everyplace else is screwed up but to suggest ten years we're going to have a problem and that is not coming in relative terms tomorrow is stupid. you want to give the president respect, but his statement was stupid. >> neil: adam, you agree with that, i guess? >> actually i don'
it to the rich. let's raise taxes trillions of dollars. let's go and stick it to special interests like people who he provide gasoline at the pump. to raise taxes on oil companies. ladies and gentlemen, every time you raise taxes, you raise prices. and every time you race -- raise prices the consumer has to pay more for it. these are the ideas that make america less able to be prepared for its future and cost more money. that's why when you look at this slide you see where the laws already enacted by the democrats are leading america to where we will be functionally bankrupt. we are following theure peaian model exactly what -- the european model exactly what they have done over there for a number of years and now we are seeing firsthand, iceland, greece, cyprus just yesterday. this is the pathway that if our friends, the democrats, get their say, this is where they'll lead us. so republicans through paul ryan spoke about we want to make sure that medicare, social security, that the free enterprise system is alive and well by making these plans and the process therein ready for the employers a
medicare and raise taxes on middle-class families all while handing out more tax breaks to the wealthy. the ryan republican budget is anything but balanced and it reflects the same backward value americans rejected in november. instead of asking the wealthiest to contribute their fair share, the ryan republican budget demands middle-class families pay more in taxes. instead of ending wasteful corporate tax loopholes, it basically ends medicare. in fact, the ryan republican budget takes special aim at health care. it would eliminate free preventive health services for 34 million americans. the ryan republican budget would increase prescription drug prices for seniors by $2.5 billion in one year. it would end the coverage guarantees for 3.1 million young men and women on their parents health plans. the budget would end coverage for mammograms, cervical cancer screenings and contraception for more than 47 million women. and it would allow insurance companies to deny care for 17 million children simply because they were born with a heart defect or some other illness. these drastic cuts wil
wanted to commend it administration for its aggressiveness in getting this person. a tax that may be planned by al qaeda -- attacks that may be planned by al qaeda. all of us should agree that the work that you have done and what the fbi has done since 9/11, really protecting the country against any massive domestic terrorist attacks, and all of your activities internationally, it has really been remarkable. not itscy, it was primary focus on 9/11, but as much of the country, we've had to focus more intently on this issue. i do want to bring you back home. my final question is about the budget and appropriations and the department of justice. we imprison more people than any other nation in the world through our state and federal prison systems. 24% of the doj budget -- you are at about 29%. it will continue to rise. at some point, we need to think differently about what we're doing with people. i have constituents, family, children, we all want to be protected from dangerous people. a society ought to be protected. people involved in wrongdoing should be punished. at some point a
of that magic fairy dust that ways and means is going to use to be able to eliminate the alternative minimum tax, be able to lower the top rate to 25%. you go through the areas that are outlined here on page 73, whatever that magic ways and means very dust is that allows us to do these magical things, let's do the same and at least at a minimum be able to maintain and increase in the budget authority and the outlays for the function for hundred so that we can continue at least at the current, inadequate level, rather than see a reduction of about one-third. i think this is an important policy statement for the committee in advance of what i hope is a serious conversation about what is a crisis for many people in the country. ironically, i think most of us would agree infrastructure investment is the quickest way to provide family wage jobs and improve the economy in every one of our districts, in every state in the union. i would turn, if i could, to my colleague, mr. polcan, who has some of the rations. >> i am glad you brought this amendment forward, mr. blumenauer. when i was on the joint com
don't know what the loop holes there. there's a notion that the oil companies don't pay any taxes. of course they pay bills -- billions and bills of tax. >> a number of republicans were grateful. well, at least they're not raising tax breaks. have they been so cowed and beaten down that they're grateful it's the only revenue enhancement are just closing loopholes, special breaks, allowances, deductions. >> still more money that guess out of the economy and doesn't have an impact. more importantly, though, it's still sold the same way. still taxing the rich corporations and rich americans who have unfair advantages. so it leaves the door open to another sort of tax the next go-around. i didn't think -- >> neil: i thought that was off the table. >> after you get $41 in tax hikes with one dollar in tax cuts. >> there is the argument that you have the ryan plan, the murray plan, maybe have two sides that could broach some differences but i see some chasm >> but it's a more hopeful tone on both parties. the democrats say now that, yes, we must have tax hikes, or tax something -- tax re
to end medicare as we know it. nobody, as in the ryan budget, wants to reduce taxes dramatically on the wealthiest americans -- 39% to 25% -- and then take away deductions from middle-class people, good deductions that make sense like the mortgage deduction, the charitable deduction, the retitle deduction, the health care reduction. no, no wants to do that. and no one wants to eat our seed corn. investment in education, investment in infrastructure, investment in sign b scientific research in order to keep narrow loopholes open, reductions if you move the business overseas. no, they don't want to debate that. but now we have a budget. because of the leadership of the chair of the budget committee and the members of her committee -- and, by the way, this is no -- this is not a small group of democrats. it runs from our most liberal members to our most conservative members, all united around the budget that is fiscally responsible. it meets the gramm-rudman -- i mean, i'm on old guy -- the simpson-bowles constraints, budget target. it invests in jobs in the economy, and closes loop
on the republican side because it has tax increases in it, some say tax increases on the rich. leaves some of obama's tax increases in it. heritage foundation has done deep analysis of this. one of their problems with the ryan budget is, and they do have problems with it, is that hefty tax increases of obama's are maintained. they're kept in it. they're not done away with. >> paul ryan's budget leaves in the increase in top income tax rate that president obama achieved in january, the conservative blog red state noted the ryan budget leaves in 1 trillion in tax revenue in president obama's health care reform bill, including taxes on tanning salons and high value health care plans, which provoked erick erickson to question whether house republicans should even vote for it. since paul ryan's budget keeps the obama care tax revenue stream, isn't voting for his budget a violation of the repeal pledge? and in an interview with cnbc, paul ryan could not continue to pretend his budget choices had any attachment to reality. >> in terms of your budget, if you don't get it this year, likelihood of getting re
increases taxes by $1 trillion, proposes $100 billion on stimulus spending and will never balance. this mentality got our nation in a fiscal mess in the first place. i commend them for finally putting a budget on paper. at least they articulated where they stand. however, this administration remains delinquent in their duty to send a budget to congress. news reports indicate it may come in april if at all. they claimed that the delay is the result of congressional debate that's surrounding the fiscal cliff and disaster. mr. collins: uncertainty to buck their responsibility to craft a budget is unconscionable. attacking this body's balanced budget approach when they haven't produced their own plan veals putting their partisan politics ahead of their future. they should send to congress a balanced budget. the speaker pro tempore: the gentleman's time has expired. once again, the house will be in order. members and staff, please remove conversations from the floor. for what purpose does the gentleman from california rise? >> mr. speaker, i ask unanimous consent to address the house f
corporate tax reform. even pushing democrats on entitlement reform or so he says. now i know, i know, my favorite president reagan trust by verify, but i think there's some optimism out there and i'm going to do my best now to persuade my pal, conservative superstar ann coulter. she's the author on set for the full hour. jimmy williams. and michelle caruso-cabrera. ann coulter, i know you think i'm nuts but i'm telling you the stock market is a great signal. the republicans won on the sequester. obama's poll are down so now he's having to come to the negotiation table. i like this story. i want to be optimistic about this story. >> um, i want to be optimistic too. but i want to be realist jig. all,000 are the financial maven and i would normally defer to you, that's the only thing i'm pessimistic about. i think the economy -- i would not count on the stock market continuing to go up. i know nothing about it. i just don't think that what's happening in the company justifies it. people don't have any other place to put their money. i do think people will get fed up with obama. one thing i'
tax reform that does not raise revenues but reduces the burdens of our tax code on small businesses and individuals. and regulatory reforms that likewise reduce the ongoing burdens on small businesses, job creation, and those struggling to achieve the economic train. i was encouraged by his answer to both questions. on tax reform in particular, the president ported -- pointed to corporate tax reform. he said he believed there was a lot of agreement between republicans and democrats on corporate tax reform, on broadening the base and lowering the rates so we can be internationally competitive and remaining revenue neutral. all of that was encouraging. those were principles that have wide agreement. if we lower our rates, our country has the highest of any developed country in the world. over a trillion dollars -- over $1 trillion of capital is overseas. we need to bring that back so we can get back to work appeared i was encouraged but his expression of willingness to get that done. on the second issue, on reducing the burden of regulations, job creation, economic growth, he likewise
that support job creation just for the sake of more budget busting tax cuts for the wealthiest taxpayers and corporations. yet my friends on the other side my friends continue pushing this approach in the name of deficit reduction, but their own leadership admitted we don't have a debt crisis in the country. the architect, congressman paul ryan, said we don't have a debt crisis. speaker boehner said it's not an immediate problem. why should we enact this budget while democrats have a balanced approach to protect the middle class. why should we pass a budget that gets 66% of its cuts from programs for people of low or moderate income. why should we pass a budget that cuts pell grants that helps students or cuts the snap program that helps to feed 48 million people to give a $200,000 tax cut to millionaires? the budget put forward by the congressional black caucus continues the snap program to prevent americans from going hungry. while at the same time, reducing the deficit by $2.8 trillion over 10 years. the american people know we can't cut our way to prosperity, nor can we succeed by pu
were struggling under he harsh new austerity measures, the ryan plan would cut tax billers in most fortunate. last year the joint economic committee estimates that ryan's tax plan would lower taxes for millionaires by about $300,000 while raising taxes for individual taxpayers earning between $30,000 and $100,000 by over $4,000. how fair is that? at a time when income inequality is widely viewed as a very serious problem in our country, the ryan plan would make it worse. the gap between the haves and the have-nots would grow larger under the ryan plan. the ryan plan would ask tens of millions to bear additional burdens, pay additional taxes, face additional hardships. while it cut taxes for the fortunate few and preserved loopholes for big oil and spent an additional half million dollars on the military over the next 10 years. and at the end of a decade of paying -- of painful cuts, according to the nonpartisan tax policy center, the ryan budget would have managed to actually add $5.7 trillion to the deficit . a close look at the math makes it clear that the ryan budget can't recou
a budget in balance through largely spending cuts and largely no tax hikes, in other corner democratic senator patty murray. a case of us likely losing, because the cuts really are not there we have rick yo joining m -- a little boxing reference, you have to know that. all right, so, what do you think elizabeth? leaving aside in controversial things that paul ryan wants to do. in the en, just trimming the increase, that is it? >> yeah, i think one of the big thing here's that people lose sight of is balancing the budget, patty murray supposed budget does not even balance, it is supposed to raise a trillion in revenue, that tells you, this is more of a shopping spree than a budget, people need to remember that a budget hopefully means you are only spending as much as you take in, not more. neil: scott martin, the markets seem to sense, maybe that despite all of the just erring -- gesturing we're at least, cutting the growth and stuff, we're not really cutting but that is better than doing nothing? or am i misreading the market? >> you are reading it correctly, that is a reason we had su
and taxes, g.o.p. budget includes repeal of obamacare, which i'm sure the democrats are not going to like. ryan reforms the tax code by bringing it down to two tax brackets. the white house releasing its own budget plan in april, we are back to square one. weave that to ta about. welcome all, great to have you here. here are the numbers that popped out to me in ryan's budget. saving 5 trillion over 10 years, but when you drill down into what is really going on here, government spending, federal government spending is going to increase 3.4% each and every year. it will increase anyway 5%. currently that is the plan. in washington we called tha a cut. if we are supposed to rise by 5%. i am teasing you. the spending goes up every year on this budget, but i think this is a pretty heroic effort on the whole. as you mentioned he does the tax reform, goes after the big boulders of the budget, medicare and medicaid. he h, i like the fact he has gone through the abolitn of obamacare. setting up a huge fight because they willry to pass this out of the house meanwhile a trillion dollars x increase i
of dollars of emergency crash and creditors impose onetime tax of 3% on all bank deposits under $130,000. >> going deep here. >> the tax could be closer to 10% on people who have over $640,000 in the bank. that's according to the "the wall street journal" this morning. people stood in long lines over the weekend to withdraw money before the policy went into effect and now russian president vladimir putin is calling the move, quote, unfair, unprofessional and dangerous. russian citizens make up the majority of billions of euros held in cypress bank. this is important. >> cypress. >> who cares about cyprus? >> come on, cyprus. are you telling me if somebody sneezes in cyprus we get a cold than on the nasdaq? >> tell us why. >> we have a cold on the nasdaq. the nasdaq is going down today. not too many people care about cyprus but a way the europeans have screwed up the bailout by getting the people to pay a part of the cost. you could have a run on the bank and europeans say why do i have my money in this bank? might be a tax on me next. it shows that europe is still a mess, that they h
of selective tax cuts that would lift all yachts, but leave many dinghies behind. our republican friends like to talk about making the hard choices, but what they propose here would make it much harder for millions of americans and also make things much easier for a fortunate few. that's their plan. now, specifically under this plan, he has this new goal of balancing the budget in 10 years. and to accomplish this, he slashes funding safety net programs that, for seniors, students, children, low-income families and women. the budget slashes food stamps, cuts funding for infrastructure investments, like high-speed rail. we are falling way behind the rest of the world. we need to invest in our infrastructure to stay competitive. and it does nothing for job creation or to help the unemployed. the ryan plan places medicare and really ends medicare as we know it by replacing it with a voucher system and replaces medicaid by making it a block grant to the states. these cuts hurt tense of millions of america -- tens of millions of americans who count on medicare for their health care coverage. don't
to defend including some of the tax increases that have gone into it effect in recent years and explain how he would also get rid of the president's health care reform act. he said we consider the tax increases to be federal law and that our question, it isn't the affordable care act federal law? he said, n,o this is something we want to continue fighting. democrats say that we've been through a supreme court challenge to an annual voted on this 30 times, why are we continuing to battle over something that democrats have no intention of appealing? host: the president is scheduled to release his budget a week of april 8. he is set to meet with house republicans today. give us the nature of these meetings. guest: the meeting today is the second of four meetings. it's part of his charm offensive stories trying to win over congressional support for a grand bargain. this has been an effort that was spurred by failing in the sequester a couple weeks ago. he has almost the opposite challenge of what he did yesterday when he met with senate democrats. they were pressing him on his willingness to ac
years and will not raise taxes. how does he accomplish this? he doesn't spend what we don't have. here is how the congressman explained it earlier today. >> this budget cuts spending by 4.6 trillion dollars offer the next ten years. historically we've paid a little less than 1/5 of our income to the federal government, but the government has spent a lot more. we match revenues with expenditures, so the budget matches the spending with income just like every family and business must do throughout america. >> sean: to help us reach this balanced budget in ten years, congressman ryan lays out four major issue we as a country must tackle. first, energy. ryan's plan paves a path for affordable and american produced energy, most notably, the plan green lights the keystone pipeline to generate almost 140,000 jobs. second, health care, first and foremost the budget repeals obamacare and strengthsens the medicare system for future generations. third, welfare reform, changes made in 1996 by extended reforms to other programs. gives states flexibility so they can tailor programs like medicaid and
to have this grand bargain. we go to war, we don't pay. we do big pharma, we don't pay. tax cuts, we don't figure what it's going to do to the economy, but you, you might have to pay for it. there is one senator prepared to filibuster to protect social security, medicare and medicaid. senator bernie sanders will join me in a moment, but president obama, he went to capitol hill today for a closed door meet wg the democrats. senate budget chairwoman patty murray, she revealed a plan with new revenue and spending cuts. nearly $1 trillion over the next ten years. president obama will meet with both parties on capitol hill. meanwhile, chairman paul ryan unveiled his budget plan and listen to how ryan describes republican priorities. >> the most important question isn't how we balance the budget, but why. a budget is a means to an end. an end is the well being of the american people. >> the most important question is how we balance the budget and making sure it's not on the backs of working americans. congressman ryan also made an unfortunate slip. >> this to us is something we're not going to
on spending and taxes. so far, the game is not going very well. >> is the grand bargain dead? >> i don't know whether we can come to a big agreement. the president believes that we have to have more taxes from the american people. we're not going to get very far. >> the president has sounded equally pessimistic about bridging the divide. >> it may be that the differences are just too wide. if their position is we can't do any revenue, or we can only do revenue if we gut medicare or gut social security or gut medicaid, if that's the position, then we're probably not going to be able to get a deal. >> while there's not much agreement there are plenty of ideas. washington is awash in budgets. no less than six plans are currently circulating on the hill. there is the plan from senate democrats, or the murray plan. it includes a one-to-one ratio of spending cuts and tax increaseses, as well as short-term stimulus. then there's the house democrats' budget, which pushes for $200 billion more in revenue than the plan proposed by their party members in the upper chamber and there is a congressional pr
's plan seeks to reduce taxes and cut government spending. "when they talk about a cut, they're talking about reducing the rate of growth. and that's all ryan's plan will do. i think it's too weak. i think it's not good enough." author of "the free market revolution," yaron brook's criticism of the ryan plan is one you may not have heard before. it is far more likely that you've already listened to a version of this attack from the left. "the ryan plan will shower more tax breaks on millionaires and tilt the playing field to the advantage of big corporate interests" ryan's plan would cut the top tax bracket from 39 to 25 percent and would reduce the corporate tax rate from 35 to 25 percent. it also seeks to slash spending on entitlements like medicare, medicaid and social security in an effort to balance the budget. this republican plan will no doubt set off a new round of petty partisanship in washington, but it's unlikely that democrats will pick up on this new line of attack. "i can promise you it doesn't cut enough to make me happy. and it doesn't reform entitlements enough to make
from tax reform. it also sets aside $100 billion in stimulus spending on infrastructu infrastructure. how does it tack up to the budget proposed yet by paul ryan? here is a side-by-side comparison. the savings are more than double those in murray's plan. how has the numbers wizard able to find so much more extra fat to trim from the federal budget? he is cutting to the bone. more than $700 billion would be caved out of medicaid and nearly a try won would be chopped from programs including food stamps and pell grants. the defense would see zero in cuts in an enter view that aired this morning -- >> we're not going to balance the budget in ten years, because if you look at what paul ryan does to balance the budget, it means that you have to voucherize medicare, you have to slash deeply into programs like medicaid. >> but even those cuts alone don't make paul ryan's numbers add up. it only achieves balance through a full repeat of obama care, which it's worth noting is already law of the land upheld by supreme court and being enacted in 27 states. this gimmickry represents a stunning th
before from republicans. is that true? >> largely true but there is one huge difference. that is the tax increases that have already gone into effect on january the 1st. paul ryan budget accepts the increases. it does not attempt to change them. in other words he is not rehashing the whole fiscal cliff debate. he is accepting that, yes, we've got these higher tax rates in place. we all keep them. that's a huge difference from where he was before the election. martha: he includes tax cuts, tax hikes, i should say but doesn't include obamacare. he would like to see that go. >> he wants that out of here. >> stuart, thank you very much. bill: you've been waiting 1400 days and finally we got a budget. so now we know. martha: it is exciting. takes less time to pick a pope. put it that way. at least we think so. bill: in the modern day. martha: exactly. bill: in "america's newsroom" the new polling shows public view since the election. is the honeymoon over? some numbers tell a very interesting story on that topic. martha: this one is not going away, folks. the fight whether or not you can brin
and it was a tricky moment for him in the press conference. he included some of the tax increases that have gone into effect in recent years and explain how he was also kind of get rid and explain how he would also kind of get rid of the president's format. this is something that democrats are saying, well, week of been through the supreme court challenge, you voted on it, something like 30 times. why are we continuing to battle over something that we have no intention of fulfilling. >> the president scheduled to do his budget the week of april 8. the senate going to meet with house republicans today. give us the nature of these meetings and what will happen. >> today is the second of four trips up to capitol hill for president obama. it's part of this consensus where he's trying to win over congressional support for a grand budget bargain. this has been an effort that was kind of served by failing to avert the squeft a couple of weeks ago. he's got almost the opposite challenge of what he did yesterday when he met with senate democrats, when he was meeting with senate democrats yesterday they w
, workers who don't earn enough to pay taxes even. and so there was a lot of anger that got generated. and i think it also generated a lot of motivation. i know that our people got more mobilized as a result of that video. and i'm sure that others did. and i think that what scott did, and i think his strategy was flawless. i think what he did with no prompting by anybody but him thinking it through, he wanted those that couldn't afford the $50,000 dinner to be able to see the real mitt romney. and the others that got scott upset is that mitt romney was talking about himself being a job creator and then he saw what mitt romney was doing in china buying these factories at bain capital. and he saw that as a complete sort of contradiction of what mitt romney was trying to portray. i think in the sense that mitt romney helped the obama machinery show what romney really was about, i think it was if not a game changer darn near a game changer and i think america owes scott a big debt of thanks. >> well, he is a hero in my opinion and a lot of americans on social media are saying the same thing. it
spending and increases taxes, is what the american people voted for back in november? is that what they voted for? >> do you know there's no one that challenges that america's on the road to recovery. if you think for one minute just saying that you are cutting spending, that doesn't mean that you are cutting savings. it doesn't mean you're not -- more money. >> neil: even under the -- we're cutting the growth. are you saying -- >> you're talking about -- jo congressman, yes or no, do you think cutting spending should be a goal? yes or no. >> should i think cutting -- yes, it's how you cut it, of course. everybody believes in cutting. >> neil: what would you cut? >> there's so much money that's already been cut. if we had the obama law, things were cut there. ryan knows it, because he took out the savings we had in the president's bill. even though he's against the bill, somehow he found it that the cutting of savings. >> you're saying what she wants to do is fine with you, even though it effectively calls for more spending, more taxing, and doesn't address these issues? >> i don't
medicaid turns medicare into a voucher program. it gives the wealthiest of americans yet another tax break and it repeals obamacare. it will get passed by the house. it will go nowhere in the senate. it is dead on arrival. but the republicans keep putting this out there. we will tell you about that and, of course, take your calls and get you a chance to get involved in the conversation. give us a call on our toll-free line at 866-557-7377. did we tell you? it looks like there was life on mars. whoa! coming up on current tv. [ music ] (vo) current tv gets the converstion started weekdays at 9am eastern. >> i'm a slutty bob hope. >> you are. >> the troops love me. (vo) tv and radio talk show host stephanie miller rounds out current's morning news block. >> you're welcome current tv audience for the visual candy. just be grateful current tv does not come in smellivision. the sweatshirt is nice and all but i could use a golden lasso. (vo) only on current tv. this show is about analyzing criticizing, and holding policy to the fire. are you encouraged by what you heard the
americans. seasked them to please shut theu tax takes because we understand the negative effect our taxes would have on our fragile o economy and the millions of americans still looking for alr work. it's also because we know washington democrats gotd rememe $600 billion in taxes they demanded earlier this year.han and $1 trillion they got in taxes from obamacare timegot in taxes from obamacare we tried that. in fact, at a time when americans believe about half of every dollar they send to washington is wasted, the democratic budget would increase democratic budget would increase they nearly 62%. it. and it will let medicare and social security drift ever closer to bankruptcy. and then there's the democrats' $1.5 trillion tax hike. that's trillion with a "t." let me just repeat that. any senator who votes for that budget is voting for a $1.5 trillion tax hike, the largest tax hike in american history. so the senate democrat budget is more than just disappointing. it's extreme. extreme. it's really one of the most extreme, most left-wing budgets of the modern era. it says something, i thin
the president is not winning the battle handsdown. today we get the democrats trillion dollar tax hike plan and wait for it, stocks will be up again. okay retail sales, yes, stocks up again. here we go. "varney & company" is about to begin. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. weike this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades whenou open an account. neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making
's not going to happen. you talk about a trillion dollars of new taxes for patty murray that is unlikely to happen. where is that middle? >> it's going to take the president to forge and find the middle, which is why, again, i echo the points made at the beginning of the show and to mike's point about the weirdness of the town, there was a time when this was not weird. you come from one of the great states and one of the great leaders who helped create this environment, the great tip o'neill understood you had to work with both sides. >> and teddy kennedy. >> no doubt about it. the most productive leader was teddy kennedy in the senate and not only washington. it takes the president to unthaw this. he is going to probably take as many arrows as you said before from the democrats as he will republicans. there are democrats who are staunchly opposed to spinning discipline around entitlement. >> can i say it's actually nice? because this president really hasn't crossed his base a lot the past four years. it's nice for me to be able to say to republicans, who say i think legitimately say he
this week showing a wide gap, indeed, remains over spending and taxes. plans on the table both sides are taking to the airwaves to try to make their cases. peter doocy is live in washington. peter, does it look like either side is ready to give any ground? >> reporter: it depends on which interview you with a watched this morning, john boehner told abc news president obama already got the new taxes he wanted back in january so more taxes shouldn't even be on the table this time around, but another remember can bob corker indicated on fox that new taxes could be part of the discussion if democrats agree to serious entitlement reform. >> think republicans, if they true entitlement reform, would be glad to look at tax reform that generates additional revenues. that doesn't mean increasing rates. it means closing loop homes and arranging our tax system so we have economic growth. i think we've been saying that from day one. >> reporter: the house budget committee chairman paul ryan says he thinks president's trip to capitol hill to meet with republicans is a good start but he thinks the
taxes. there are less taxes going into the government. it is because the government cannot balance our budget, cannot act responsibly, cannot work together. host: paul on the air twitter p the " t " huffington post," -- sing on the elderly in theirr of americans 50s at risk of hunter grew by 40%. according to "the huffington post," rising gas prices as low as rising electricity is only exacerbating the trend among some of america's elderly. mike is on the phone in chicago. our question is what is the government's role when it comes to hunker in america? caller: i am a long time listener and a first-time caller. this kind of stuck in there with me. the problem with government is waste.ot watching the you have a lot -- you have an onslaught of people using link texting on iphones. they are taking advantage of the system. if our government to find out who really need it and give it to them -- people who can work should work. host: thank you for the call. to not be a stranger. if you have access to the internet, "the washington post" has this story on their website. the focus is on one rho
vitality of the population. our population grew by 50%, but our tax base stayed the same. people who are here legally, especially the new american citizens, are looking for jobs and they are scarce. 22 million americans are out of work, and now the proposal is to waive the carrot of citizenship to millions more. and when we were talking about giving amnesty to millions, maybe 20 million illegal aliens, how much more scarce will those jobs become? mr. speaker, we have heard these proposals before. in 1986 we said that if we granted amnesty there would only be about 1.5 million people who would be included. in truth it turned out to be twice that amount. we were also told that it would never happen again. our borders would be secure and this problem would never occur again. in truth that was not true. so now 27 years later our borders still aren't secure and here we are doing this all over again. well, we got fooled once. by news reports we were told there were 11 million illegal aliens in this nation right now. by using 1986 as a yardstick we can guess by offering amnesty there might
and medicaid, give the wealthy yet another tax break, put most of the burden on the poor and middle class and repeal obama care. this budget is going nowhere. it will be dead on arrival in the senate. it is pure fiscal mastur va tion. yet paul ryan gets credit for being a serious thinker. i will tell you this if paul ryan is a serious thinker i am an astronaut. take a look at the budget. doesn't add up. tomorrow, congressman keith ellison and peter welch, oh, boy. can't wait for that. come back and join us right here tomorrow. >> this is "the bill press show." [ ♪ theme ♪ ] >> stephanie: happy wednesday everybody. jacki schechner, you know i have so few things in my life. look how happy i am about my new coffee mug. >> what does it say? >> stephanie: it is green in time for st. patrick's day. >> ooh. does that mean there's no pinch ug? >> stephanie: here now is colin farrell. >> messing about with mrs. all the rumors are true. >> i got about a third of that. then again if he looks like colin farrell, it doesn't matter. >> stephanie: all right. now here we are. we'
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